futurenova limited
futurenova limited Company Information
Company Number
08477656
Next Accounts
203 days late
Shareholders
michael casey
kcc kent county council
View AllGroup Structure
View All
Industry
Manufacture of medical and dental instruments and supplies
+1Registered Address
c/o business rescue expert, 49 duke street, darlington, county durham, DL3 7SD
Website
www.futurenova.comfuturenova limited Estimated Valuation
Pomanda estimates the enterprise value of FUTURENOVA LIMITED at £432.7k based on a Turnover of £559.1k and 0.77x industry multiple (adjusted for size and gross margin).
futurenova limited Estimated Valuation
Pomanda estimates the enterprise value of FUTURENOVA LIMITED at £0 based on an EBITDA of £-37.3k and a 5.16x industry multiple (adjusted for size and gross margin).
futurenova limited Estimated Valuation
Pomanda estimates the enterprise value of FUTURENOVA LIMITED at £981.4k based on Net Assets of £455.3k and 2.16x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Futurenova Limited Overview
Futurenova Limited is a live company located in darlington, DL3 7SD with a Companies House number of 08477656. It operates in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in April 2013, it's largest shareholder is michael casey with a 51.9% stake. Futurenova Limited is a established, small sized company, Pomanda has estimated its turnover at £559.1k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Futurenova Limited Health Check
Pomanda's financial health check has awarded Futurenova Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
8 Weak
Size
annual sales of £559.1k, make it smaller than the average company (£7.8m)
- Futurenova Limited
£7.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (2.4%)
- Futurenova Limited
2.4% - Industry AVG
Production
with a gross margin of 46.6%, this company has a comparable cost of product (46.6%)
- Futurenova Limited
46.6% - Industry AVG
Profitability
an operating margin of -30.4% make it less profitable than the average company (8.1%)
- Futurenova Limited
8.1% - Industry AVG
Employees
with 6 employees, this is below the industry average (43)
6 - Futurenova Limited
43 - Industry AVG
Pay Structure
on an average salary of £38.1k, the company has an equivalent pay structure (£38.1k)
- Futurenova Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £93.2k, this is less efficient (£136.5k)
- Futurenova Limited
£136.5k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (57 days)
- Futurenova Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (45 days)
- Futurenova Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 174 days, this is more than average (66 days)
- Futurenova Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Futurenova Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.6%, this is a higher level of debt than the average (48.6%)
53.6% - Futurenova Limited
48.6% - Industry AVG
FUTURENOVA LIMITED financials
Futurenova Limited's latest turnover from October 2022 is estimated at £559.1 thousand and the company has net assets of £455.3 thousand. According to their latest financial statements, Futurenova Limited has 6 employees and maintains cash reserves of £46 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 6 | 9 | 8 | 5 | 4 | 3 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 19,929 | 52,440 | 58,690 | 376,463 | 75,309 | 85,586 | 89,517 | 57,694 | 0 |
| Intangible Assets | 565,107 | 507,294 | 383,854 | 0 | 29,098 | 33,108 | 37,118 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 585,036 | 559,734 | 442,544 | 376,463 | 104,407 | 118,694 | 126,635 | 57,694 | 0 |
| Stock & work in progress | 142,870 | 238,815 | 209,718 | 0 | 43,206 | 60,536 | 25,767 | 0 | 0 |
| Trade Debtors | 87,701 | 11,392 | 790,881 | 178,956 | 320 | 263 | 0 | 279,408 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 165,100 | 101,071 | 182,836 | 0 | 211,227 | 104,285 | 14,815 | 0 | 0 |
| Cash | 46 | 159,845 | 180,963 | 0 | 17,956 | 55,278 | 92,442 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 395,717 | 511,123 | 1,364,398 | 178,956 | 272,709 | 220,362 | 133,024 | 279,408 | 0 |
| total assets | 980,753 | 1,070,857 | 1,806,942 | 555,419 | 377,116 | 339,056 | 259,659 | 337,102 | 0 |
| Bank overdraft | 46,512 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 57,088 | 50,754 | 78,651 | 80,469 | 29,041 | 37,674 | 13,407 | 57,586 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 191,848 | 115,796 | 666,574 | 0 | 44,746 | 56,045 | 100,453 | 0 | 0 |
| total current liabilities | 295,448 | 166,550 | 745,225 | 80,469 | 73,787 | 93,719 | 113,860 | 57,586 | 0 |
| loans | 208,244 | 250,000 | 0 | 0 | 55,557 | 150,378 | 168,571 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 16,775 | 0 | 80,557 | 25,557 | 0 | 0 | 0 | 198,572 | 0 |
| provisions | 4,982 | 9,963 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 230,001 | 259,963 | 80,557 | 25,557 | 55,557 | 150,378 | 168,571 | 198,572 | 0 |
| total liabilities | 525,449 | 426,513 | 825,782 | 106,026 | 129,344 | 244,097 | 282,431 | 256,158 | 0 |
| net assets | 455,304 | 644,344 | 981,160 | 449,393 | 247,772 | 94,959 | -22,772 | 80,944 | 0 |
| total shareholders funds | 455,304 | 644,344 | 981,160 | 449,393 | 247,772 | 94,959 | -22,772 | 80,944 | 0 |
| Oct 2022 | Oct 2021 | Oct 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 37,161 | 30,258 | 43,183 | 10,277 | 10,068 | ||||
| Amortisation | 95,606 | 68,226 | 71,162 | 4,010 | 4,010 | ||||
| Tax | |||||||||
| Stock | -95,945 | 29,097 | 209,718 | -43,206 | -17,330 | 34,769 | 25,767 | 0 | 0 |
| Debtors | 140,338 | -861,254 | 794,761 | -32,591 | 106,999 | 89,733 | -264,593 | 279,408 | 0 |
| Creditors | 6,334 | -27,897 | -1,818 | 51,428 | -8,633 | 24,267 | -44,179 | 57,586 | 0 |
| Accruals and Deferred Income | 76,052 | -550,778 | 666,574 | -44,746 | -11,299 | -44,408 | 100,453 | 0 | 0 |
| Deferred Taxes & Provisions | -4,981 | 9,963 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -41,756 | 250,000 | 0 | -55,557 | -94,821 | -18,193 | 168,571 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 16,775 | -80,557 | 55,000 | 25,557 | 0 | 0 | -198,572 | 198,572 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -159,799 | -21,118 | 180,963 | -17,956 | -37,322 | -37,164 | 92,442 | 0 | 0 |
| overdraft | 46,512 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -206,311 | -21,118 | 180,963 | -17,956 | -37,322 | -37,164 | 92,442 | 0 | 0 |
futurenova limited Credit Report and Business Information
Futurenova Limited Competitor Analysis
Perform a competitor analysis for futurenova limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in DL3 area or any other competitors across 12 key performance metrics.
futurenova limited Ownership
FUTURENOVA LIMITED group structure
Futurenova Limited has no subsidiary companies.
Ultimate parent company
FUTURENOVA LIMITED
08477656
futurenova limited directors
Futurenova Limited currently has 4 directors. The longest serving directors include Mr Michael Casey (Apr 2013) and Mr Peter Johns (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Casey | United Kingdom | 63 years | Apr 2013 | - | Director |
| Mr Peter Johns | England | 77 years | Mar 2017 | - | Director |
| Mr Ian Miles | England | 74 years | May 2019 | - | Director |
| Mr Hugh Parnell | England | 71 years | May 2019 | - | Director |
P&L
October 2022turnover
559.1k
+15%
operating profit
-170k
0%
gross margin
46.7%
-3.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
455.3k
-0.29%
total assets
980.8k
-0.08%
cash
46
-1%
net assets
Total assets minus all liabilities
futurenova limited company details
company number
08477656
Type
Private limited with Share Capital
industry
32500 - Manufacture of medical and dental instruments and supplies
74100 - Specialised design activities
incorporation date
April 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2022
previous names
N/A
accountant
RICKARDLUCKIN
auditor
-
address
c/o business rescue expert, 49 duke street, darlington, county durham, DL3 7SD
Bank
-
Legal Advisor
-
futurenova limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 4 charges/mortgages relating to futurenova limited. Currently there are 1 open charges and 3 have been satisfied in the past.
futurenova limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for FUTURENOVA LIMITED. This can take several minutes, an email will notify you when this has completed.
futurenova limited Companies House Filings - See Documents
| date | description | view/download |
|---|
